people say it will go to one thousand dollars an ounce or more but if it showed signs of going that high tech companies would likely switch to cheaper metals as alternatives and phasing silver out. it probably would not sky rocket for that reason alone.
i think so many people have silver that if it did go up to one thousand dollars an ounce it would cause economic inflation.
am i mistaken or did i miss something?
It depends silver is getting rarer but one of the things that happen is that no one is mining silver, because it is so cheap, silver is mostly a byproduct of other mining operations at the moment, so if the price of silver gets higher because of lack of supply then the miners of the world will do their best efforts to get silver so I have my doubts silver is going to skyrocket.
Maybe we can't see for now that price of silver having some high jumps but surely in future as you said if the supply of it will be limited for sure the price of silver will increase, remember its physical commodities wich is usefull on other aspect of life so theirs no doubt that this one will go to its best level.